Monday 8 December 2014

WEEKLY MARKET ANALYSIS FOR EQUITY

NEWS INSIGHT


  • Aurobindo Pharma completes $132.5-million Natrol acquisition
  • MaXposure Media Group founders buy back stake from
  • Gruner+Jahr for Rs 40crore
  • Mankind Pharma to expand business, looks for new markets
  • Mahindra eyes West European markets for electric vehicles
  • ICICI Bank to sell its Russian subsidiary
  • SpiceJet nosedives over 14% as financial troubles grow;
  • Jhunjhunwala keeps faith, FIIs exit
  • NASA launches new Orion spacecraft and new era

NIFTY ANALYSIS


  • Positional Support for NIFTY 8460
  • Positional Resistance of NIFTY is 8630
  • Rouble sinks to all-time low at opening, RTS hits lowest in 2014
  • Immediate resistance for NIFTY is 8550
  • Intraday Support of NIFTY is 8500
  • Oscillator Analysis The oscillator is showing SELL signal
  • Short Term Oscillator Analysis- The signal is SELL
  • Market has made a Spinning top and is returning from high of 8630 which is the positional resistance. Sell of rise is advsed.

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